A Guide to Lake Oswego Real Estate and Community
Dianne and Linda

Brought to you by Dianne Gregoire and Linda Rossi, brokers with Oregon First, a professional real estate company licensed with the Oregon Real Estate Agency.

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News & Notes ~ October 2018 Numbers

Inventory is still higher than usual, but is slowing down just a bit. I hate to keep beating this drum, but it really is the best time of year to buy.  Two of my clients just snapped up two gorgeous Lake Oswego homes and had some great options from which to choose. In any event, please call me or Dianne if you’d like to take advantage of this market.

Here is your look at the most recent data for the entire Portland area (Oct) and how Lake Oswego fits in to this picture just below:

  • According to the RMLS Market Action Report for the Portland Metro Area, October, 2018:
    • There were 3,100 New Listings in October 2018 which was up 4.0% from October of 2017’s 2,981, and/but down 14.0% from the previous month/Sept of 2018’s total of 3,606 .
    • At 2,440, October Closed Sales fell  4.9% from October 2017’s 2,565, but are up 7.4 % from the previous month/Sept 2018’s total of 2,272.
    • October’s Pending Sales (accepted offers), at 2,484 down 8.2% down from October of 2017’s 2,705, but up 0.5% from the previous month/Sept 2018’s total of  2,471.
    • The Average Sale Price in October of $454,400 was up $15,900 from October 2017’s $438,500, and also up from the previous month/Sept 2018’s $447,800 by $6,600.   

Neighborhoods: October’s Average Sale Price + 12-month Appreciation :

  • North Portland:  $428,700              4.8%   (Sep 416,300)
  • NE Portland:  $463,100                   3.8%   (Sep 433,700)
  • SE Portland:  $395,200                   5.8%   (Sep 420,200)
  • Gresham/Troutdale:   $359,700     9.0%   (Sep 352,200)
  • Milwaukie/Clackamas:  $410,200  4.3%   (Sep 437,400)
  • Oregon City/Canby:   $408,600      6.4%   (Sep 404,300)
  • Lake Oswego/West Linn:$714,500 2.6%   (Sep 627,000)
  • West Portland:    $646,200             4.2%   (Sep 631,700)
  • NW Wash County:  $588,300          3.3%   (Sep 486,200)
  • Beaverton/Aloha:     $398,000       7.4%   (Sep 402,800)
  • Tigard/Wilsonville:   $454,400       6.9%   (Sep 466,900 )
  • Hillsboro/Forest Grove: $400,500  6.5%   (Sep 393,200 )

LAKE OSWEGO:

The combined areas of Lake Oswego and West Linn  for  the month of October 2018 reported:

    •  454 Active Listings   (Sep 507 )
    •  153 New Listings     (Sep 183)
    •  101 Pending Sales  (Sep 122)
    •  121 Closed Sales      (Sep 141)
    • Average Sale Price for October: $714,500  (Sep 627,000)
      • NOTE: Higher-Priced vs Lower-Priced Homes Sales can skew the “Average” in any given month.  Lake Oswego has quite a variety, so this tends to be a less meaningful stat, generally speaking, in this niche.
    •  61 Average Days on the Market   (Aug 58)

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